Challenges of Globalization: How Bangladesh Can Adapt Itself to Reap the Best Benefits in the 21st Century

Abstract

The study investigates specific information regarding the challenges of globalization faced by Bangladesh and how it should prepare itself to coup with the challenges. The result suggest that Bangladesh is not in comfort in coping with the winds of globalization, as it has less access to and use of different opportunities living at the margin in the hierarchies of global order with low technological base, poor infrastructures and governance in most arenas. The study also suggest that Bangladesh needs to be engaged with all its development partners in a healthy and constructive process of interaction on stabilization, reform programme and other critical issues like national capacity building, competitiveness, political stability, cross border terrorism, arms and drug trafficking, climate change and environmental degradation. The policy implication is that various economic policy orientation and utilization of resources should be as such that they can supplement economic growth in a sustainable manner and create avenues for employment.

KEY WORDS: Benefit; Environment; Globalization; Governance; Infrastructure; Poverty; Population; Policy; Political stability; Resource

DOI: http://dx.doi.org/10.3329/mist.v3i0.8052